Reliance biggest wealth creator in FY 09

Reliance Industries Ltd (RIL) has emerged as the biggest wealth creator in FY 09, generating Rs 1,51,400-crore, which accounted for over 15 per cent of the total wealth created last year, a study said.

Brokerage firm Motilal Oswal, in a study released today, said oil and gas continues to be the biggest wealth creator during the last six-years--the first three years led by state-run ONGC and the next three by RIL.

Reliance Industries has emerged as the biggest wealth creator for the third time in a row. It has created Rs 1,514- billion worth of wealth contributing 15.6 per cent of total wealth created in FY 09," the study titled '14th Motilal Oswal Wealth Creation Study' said.

The Mukesh Ambani-led company is the largest contributor of wealth for the third time in a row, while real estate firm Unitech was the fastest wealth creater since 2004, the study said.

 Motilal said that Unitech's five-year stock price recorded a staggering compound growth of 122 per cent.

Apart from RIL, home-loan lender HDFC, pharma company Sun Pharma, auto major Hero Honda and software exporter Infosys Technologies have emerged among the top 100 wealth creators in the past 10-years.

      

"HDFC is ranked as the most consistent wealth creator by virtue of its 10-year price CAGR (compound annual growth rate) being the highest," the study said.

Source: PTI

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